Friday, August 21

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Economy Asia's AI windfall is real, and it is not being shared evenly Crypto Ray Dalio wants gold at 10% to 15% and only 'a bit' of bitcoin. The gap matters Companies Apple cuts 200 jobs from Vision Pro and Siri, the two bets it most needed to work Tech TikTok will pay $400 million over children's data, seven years after paying $5.7 million for the same thing Tech The DOJ is testing a 1914 antitrust law against the way venture capital actually works Companies Airbus retreats on its four-day office mandate after Spanish strikes Markets The Treasury's buyback was meant to calm the bond market. Yields are higher than before it Economy Apple paid 40% of its global tax to Ireland, and almost all of it was a one-off Economy Asia's AI windfall is real, and it is not being shared evenly Crypto Ray Dalio wants gold at 10% to 15% and only 'a bit' of bitcoin. The gap matters Companies Apple cuts 200 jobs from Vision Pro and Siri, the two bets it most needed to work Tech TikTok will pay $400 million over children's data, seven years after paying $5.7 million for the same thing Tech The DOJ is testing a 1914 antitrust law against the way venture capital actually works Companies Airbus retreats on its four-day office mandate after Spanish strikes Markets The Treasury's buyback was meant to calm the bond market. Yields are higher than before it Economy Apple paid 40% of its global tax to Ireland, and almost all of it was a one-off

Topic: ray-dalio

Gold bullion bars

Friday, 8/21, 06:57 PM

Ray Dalio wants gold at 10% to 15% and only 'a bit' of bitcoin. The gap matters

In a LinkedIn post on Friday, the Bridgewater founder argued for holding gold and bitcoin over bonds because of what he expects government debt to do to currencies.
He put a number on gold, 10% to 15% of a portfolio, and declined to put one on bitcoin.
Read carefully, it is a smaller endorsement than the headlines suggest.

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